Canned Black Beans Market

Canned Black Beans Market Growth, Size (2023-2028):

The Global Canned Black Beans Market size is estimated to increase at a CAGR of 4.2 percent, from $890 million in 2022 to $1.52 billion in 2028.

Canned Black Beans Market Scenario:

Because of their hard, shell-like appearance, these beans are also known as turtle beans. Soluble and insoluble fiber are abundant in black beans. As a result, they're good for digestion and keeping blood sugar levels in check. Like other legumes like peas, lentils, and peanuts, black beans are consumed primarily for their high protein and fiber content. However, they also include vitamins and minerals that benefit human health. Black beans include iron, phosphorus, calcium, copper, magnesium, manganese, and zinc, all of which help to build and maintain bone structure and strength. Calcium and phosphorus are required for bone development, whereas iron and zinc are required for bone and joint strength and flexibility.

Canned Black Beans Market Growth:

The canned black beans industry has grown significantly as a result of reasons such as increased consumer knowledge of the health advantages of canned black beans and increased health consciousness. Furthermore, the growing trend of consumers adopting a healthy lifestyle and increased consumption of healthy products presents a substantial market potential for the canned black bean market's major players.

Recent Developments in the Canned Black Beans Industry:

• The H. J. Heinz Corporation, a renowned food and beverage company, introduced five new canned bean products under the moniker Beanz Burger in August 2021. These baked beans come with a variety of soups, including one with avocado.

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Canned Black Beans Market Drivers:

With the adoption of busy lifestyles, there is an increased need for packaged and pre-processed food goods, driving the growth of the global canned beans market. Canned beans may be cooked right away without soaking for hours, which is one of the main reasons for their appeal. Furthermore, their nutrient-dense quality has raised a demand for nutritious foods that provide calories, proteins, and critical vitamins.

Veganism, which is gaining popularity, encourages people to eat canned beans since they are a rich source of plant-based protein. Furthermore, canning beans guarantee microbiological contamination protection, a favorable aspect leading to market growth in today's health-conscious society. Furthermore, canning allows for easy long-distance transport of beans. This results in the development of new markets for these beans, resulting in the expansion of the worldwide canned bean industry.

Canned Black Beans Market Restraints:

Canned beans contain a lot of salt, which can be dangerous for persons with high blood pressure and other conditions. As a result, it affects total demand. Furthermore, certain bean proteins may cause allergic reactions in some persons, posing a barrier to market development.

Canned Black Beans Market Segmentation Analysis:

By Product:

• Beans
• Peas
• Chickpeas
• Others

Beans led the canned legumes market in 2019, accounting for more than 45.0 percent of total sales. Because of their excellent nutritious content, these legumes are becoming increasingly popular. Processed beans have gained a lot of popularity among modern customers since they don't need to be washed, peeled, or cooked as raw beans do. The most commonly used beans in processed meals are white beans, navy beans, kidney beans, black-eyed beans, and pinto beans. Baked beans are a popular bean dish because they go well with various cuisines, including pasta, meat, and vegetables, and they're also quite healthy. The most popular canned legumes in the world are pork and beans and beans with tomato sauce.

Co-op Food debuted its vegan-friendly canned sausages and beans in April 2019. Baked beans are mixed with tomato sauce, herbs, and spices in this canned food. Furthermore, chickpeas and lentils are likely to gain popularity in the coming years because of their quicker cooking time. Consumers are increasingly interested in both dry and pre-cooked or ready-to-eat versions. NAPOLINA, an Italian cuisine brand, debuted a new collection of four ready-to-eat pulses and grains in April 2020. Canned beans, according to the business, are high in protein and low in fat, and they fit in well with the burgeoning vegetarian flexitarian trend.

By Distribution Channel:

• Offline
• Online

In 2019, the offline distribution channel had the highest share of more than 70.0 percent. The sales of canned beans through the offline distribution channel have grown due to the high penetration of supermarkets, hypermarkets, and grocery chains. The expansion of this distribution channel has been boosted by an increasing number of supermarket chains in South America, Asia Pacific, and Africa. Many customers prefer to shop at physical stores because they can view, touch, and feel things before purchasing and bringing them home right away.

Over the projection period, the online distribution channel is expected to develop at the quickest rate. Large supermarket stores such as Walmart and Target have launched online services in response to the rising trend of internet shopping. Furthermore, the introduction of Amazon, the world's largest e-commerce company, into the grocery and food industry has boosted canned legumes' online sales.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Canned Black Beans Market Regional Analysis:

Europe dominates the market for canned beans in the world. Because of its excellent nutritional profile and long shelf life, canned foods, especially canned beans, are in high demand. The market's expansion is further aided by people's high disposable income and demand for high-quality goods. Furthermore, this area is the pioneer in adopting vegan and vegetarian eating patterns.

The fastest-growing geographical market category is Asia-Pacific. This region's demand for canned beans is sustained by a strong preference for vegan and vegetarian diets. Furthermore, the global market will continue to increase as more focus is placed on post-harvest loss management and value addition.

In addition, the American market has a sizable part of the worldwide market. Canned beans are expected to be in high demand in this region as people become more reliant on packaged foods.

Key Players in the Market:

Major Key Players in the Global Canned Black Beans Market are

• The H. J. Heinz Company
• Grandma Brown's Beans Inc.
• Bush Brothers & Company
• B&G Foods, Inc.
• ConAgra Foods, Inc.
• Del Monte Foods
• American Garden
• Windmill Organics Limited
• Bonduelle
• Epicure